Long

$GOOGL on my watch list

Updated

seems to be respecting the channel it's formed over the last few months. I'm looking for a long entry over the 50 day somewhere around $1544. My trigger will be; first a good market, second a close over the 50 day and a push in buying volume. All TBD... Ideas, not investing / trading advice.

Note

9/17 - what a difference a day makes. has some repair work to do here as it clearly has gaped below the 3 month trend line... My idea above is still valid but, it's going to take some time IMO to get over that 50 day line.

Note

9/22 - opened a small position in as it crossed back above the morning high @ $1451.00. GOOGL bounced off the 200 SMA yesterday too. This is not a proper entry and my stop will be very tight since I know there is a high risk of failure here.

Trade closed manually

weak market closed position with a small loss @ $1435

jaxdog

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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